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Dec 10, 2012
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u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet. they had this number last week. reminds people, again, they've been right down, and up. mcdonald's is one of those things where joe asked me from squawk when we were talking, i said, i think this is a for real term. if they continue to innovate. i may this may not be your cup of tea, burger, but innovation s higher. >> they tried to sell it to consumers as opposed to their extra value menu, which is a little bit higher price point. that combined with these product innovations, they're very cognizant of margins when they're trying to push iced mixed drinks. the sandwich -- which i've not tried. >> you said cheddar/baconburger. >> it looks like they're going to remain modest at best.
u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet. they had this number last week. reminds people, again, they've been right down, and up. mcdonald's is one of those things where joe asked me from squawk when we were talking, i...
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Dec 11, 2012
12/12
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so this money guaranteed by the u.s. is going to see the wealthy plow their money in these institutions, guaranteed. and who guarantees it? all the other people that aren't necessarily wealthy. so, once again, the faux rich get thrown into the ditch. because the way i see it, whether it's the super wealthy on many levels, and i hope everybody becomes super wealthy. once again being confused with the upper middle class. these issues never go away. here's what i worry. all these big bailouts, we talked about aig today. yeah, it worked out. at what expense? what did we give away? what moral hazards did we create? let's not create another one. if the super wealthy want guarantees, let's not give it to them. let's put it to work the way capital ought to be and create new enterprise. >>> markets going to watching the speaker of the house. john boehner is going to speak from the floor of the house. not a brepresser. with an update on fiscal cliff go negotiations. that's coming at noon right after the gavel. in the meantime, you
so this money guaranteed by the u.s. is going to see the wealthy plow their money in these institutions, guaranteed. and who guarantees it? all the other people that aren't necessarily wealthy. so, once again, the faux rich get thrown into the ditch. because the way i see it, whether it's the super wealthy on many levels, and i hope everybody becomes super wealthy. once again being confused with the upper middle class. these issues never go away. here's what i worry. all these big bailouts, we...
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Dec 12, 2012
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. >> opec and the fed, hey, u.s. production up. let's go to sharon epperson at the nymex. >> oil has really been on the move since the open a few minutes ago. not so much opec, which still packed with the current quota around 30 million barrels per day, it is producing more than that. but we are hearing, of course, from opec itself that saudi arabia has reduced its production in november to the lowest level in a year. so that seems to be a way that they will adhere closer to the current quota. we're also looking at the latest report from the international energy agency which may have more of an impact where oil prices are going in this session. they're looking for slightly demand in 2013. and they're pointing to china for the reason. we're anticipating we'll get the report from the energy department at 10:30 a.m. on oil supplies. the expectation is for a slight decline in food supplies. but we did see a major build in the industry report, if that is confirmed we could see these gains short-lived. back to you. >> all right. thank yo
. >> opec and the fed, hey, u.s. production up. let's go to sharon epperson at the nymex. >> oil has really been on the move since the open a few minutes ago. not so much opec, which still packed with the current quota around 30 million barrels per day, it is producing more than that. but we are hearing, of course, from opec itself that saudi arabia has reduced its production in november to the lowest level in a year. so that seems to be a way that they will adhere closer to the...
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Dec 13, 2012
12/12
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really following the cues of the u.s. markets this morning. our road map today starts with the fed announcing a new round of stimulus as chairman ber bernanke warps the fiscal cliff is hurting growth. house speaker john boehner expected to talk on the cliff talks 11 a.m. eastern time. >> told you this week, of course, they were talking actively, now, sprint/nextel offering to purchase the other half of clearwire it doesn't own. >> surges of best buy surging on reports that the founder is on the verge of making a formal takeover bid. >> and google maps has found its way back into apple's operating system. >> of course, we have to start off with the markets. dow's five-day winning streak has been snapped, despite the fed announcing a new round of stimulus. chairman ber bernanke say worries about the fiscal cliff are resulting in softer business environment and waning growth. members of congress told not to make plans for the christmas holidays, citing the urgency of striking a deal to avoid the fiscal cliff. the speaker set to given a update out
really following the cues of the u.s. markets this morning. our road map today starts with the fed announcing a new round of stimulus as chairman ber bernanke warps the fiscal cliff is hurting growth. house speaker john boehner expected to talk on the cliff talks 11 a.m. eastern time. >> told you this week, of course, they were talking actively, now, sprint/nextel offering to purchase the other half of clearwire it doesn't own. >> surges of best buy surging on reports that the...
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Dec 17, 2012
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that compares to the three-day rate in the u.s. markets. verizon, at&t, as well as sprint of only 1% penetration. we saw a deeper penetration with china than the u.s. we think demand is very solid. >> all right. at the same time, brian, that doesn't move you to move any of your eps targets or anything like that. it can have a very deep penetration in the china market. there's no china mobile, but it doesn't move the needle at the end of the day. >> typically apple's been 15% to 20% -- or china has been 15% to 20% for apple's revenues. shipping in about 4.5 million iphones into that country. we think that's pretty phenomenal and think it's only going to get better when china mobile ram ups up the iphone 5. while we didn't raise our numbers today, we're still forecasting pretty solid growth, 48 million for the december quarter. we think fundamentals are not the issue here on apple. >> let's get to some of the arguments that were laid out by your cohorts over at citi. one of them is good, but not great demand for the iphone 5. specifically the
that compares to the three-day rate in the u.s. markets. verizon, at&t, as well as sprint of only 1% penetration. we saw a deeper penetration with china than the u.s. we think demand is very solid. >> all right. at the same time, brian, that doesn't move you to move any of your eps targets or anything like that. it can have a very deep penetration in the china market. there's no china mobile, but it doesn't move the needle at the end of the day. >> typically apple's been 15% to...
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Dec 18, 2012
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see your doctor, and for a 30-day free trial, go to axiron.com. >>> the u.s. was one of 55 nations to refuse to sign the treaty last friday fearing that it would open the door to online censorship. rick santelli has a lot more on that. tell us about it, rick. >> absolutely, carl. i've been watching this story for months now. thanks for the likes of google as the u.n. tries to take over, moderate, become the referee for one of the greatest job creators, one of the most creative endeavors, and that's the internet. so two weeks prior to last friday, 149 countries you all got together at the world teleconference and we do have ambassador terry cramer. welcome. >> thank you. >> maybe you can tell us exactly what most americans should be aware of when we name countries like north korea, china, russia, the arab lock that are trying to control the internet and i find it fascinating that among the biggest trading partners, tell us what is going on. >> rick, it's supposed to be on telecommunications, not on the internet. and what became clear very early on is proposals
see your doctor, and for a 30-day free trial, go to axiron.com. >>> the u.s. was one of 55 nations to refuse to sign the treaty last friday fearing that it would open the door to online censorship. rick santelli has a lot more on that. tell us about it, rick. >> absolutely, carl. i've been watching this story for months now. thanks for the likes of google as the u.n. tries to take over, moderate, become the referee for one of the greatest job creators, one of the most creative...
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Dec 19, 2012
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u.s. employees. at that time, globally, over -- outside the u.s. they had about 205,000. when i was working on my project in may of 2012, we want to get it straight, the same spokesman said they currently had 77,000 employees. does that look about the same to you? how many times we're at millions and millions and they had around 215,000 global employees. so we want to just put the record straight here. i personally think the cottage industries is overplayed a bit. if i'm in the business and you do 14 million annualized units of sales, so many cars are going to be sold. and manufacturers will just sell to another one. but that's an argument for another day. carl, back to you. >> all right. thank you, rick santelli. after the break, manolos and milk. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy a
u.s. employees. at that time, globally, over -- outside the u.s. they had about 205,000. when i was working on my project in may of 2012, we want to get it straight, the same spokesman said they currently had 77,000 employees. does that look about the same to you? how many times we're at millions and millions and they had around 215,000 global employees. so we want to just put the record straight here. i personally think the cottage industries is overplayed a bit. if i'm in the business and you...
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Dec 20, 2012
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well, you know, the u.s. is getting close. wl when you say 90%, you're talking about debt that's being held by the public, not about debt hanging out on a fed's balance sheet. exactly how much growth are we talking? can you quantify that for me, sir? >> well, the fed's balance sheet counts when it's issuing short-term debt and buying long-term debt. the treasury owns the fed. that's a bit of an illusion. the effect on growth, again, this is an association. there's a lot of qualifications. but the slower growth averages about a little over 1% a year and the average episode lasts more than 20 years. that was in my research with carmen and vincent reinhart. if you're running it out 20 years, 25 years, you're a quarter lower on your output than you would have been. it's a big deal. it's not the only thing go on. it depends on what kind of innovation you have, infrastructure. there are things can you do to try to mitigate it but having a high debt level out there limits your options. if you have problems in the future, eventually t
well, you know, the u.s. is getting close. wl when you say 90%, you're talking about debt that's being held by the public, not about debt hanging out on a fed's balance sheet. exactly how much growth are we talking? can you quantify that for me, sir? >> well, the fed's balance sheet counts when it's issuing short-term debt and buying long-term debt. the treasury owns the fed. that's a bit of an illusion. the effect on growth, again, this is an association. there's a lot of qualifications....
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Dec 21, 2012
12/12
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china not as bad as we though, u.s. very strong. so nike, if it goes back to 97, it means we're going to have a real bad couple of days in my view. look at red hat. red hat is a technology company that is deeply involved in the cloud. they, too, had a better than expected number, as did oracle in the cloud. so these are my two tales for the trading today, david. if you pick the best of the best and they go down, you'll really have a couple of -- >> when it comes to the so-called cloud play and the use of it in the competition here, is that one of the key names? >> yes, it allows you to manage cloud in a cheap -- an anti-microsoft business. their partner is sales force.com. i'm really using these as tells. in other words, these are the ones where there's natural buyers. as we just found out how good things are. it wasn't like we found out a month ago. we just found out last night. if they have resilience, the market is going to be more resilient than people think. if they give up the ghost, i think next week's going to be difficult,
china not as bad as we though, u.s. very strong. so nike, if it goes back to 97, it means we're going to have a real bad couple of days in my view. look at red hat. red hat is a technology company that is deeply involved in the cloud. they, too, had a better than expected number, as did oracle in the cloud. so these are my two tales for the trading today, david. if you pick the best of the best and they go down, you'll really have a couple of -- >> when it comes to the so-called cloud...
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Dec 24, 2012
12/12
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the u.s. mx said the stoppage in the west coast a decade ago cost the economy about $1 billion a day. reportedly the unions offered to extend the contract through january was rejected. if there's a strike, the union says clothing, frozen foods and household goods would not move. but mail, military cargo and some perishables may go through. the last time we had an east coast strike like this, 1977. i did call the union's main office this morning. they are closed for the holidays. and on their website, a little bit of foreboding, there's a big fat link on the upper right side that says strike preparations. melissa, back to you. >> brian, as we've seen with other strikes, of course, theoretically shifts can go into other ports maybe in mexico and goods can move up by rail or truck. >> yes. but it does complicate the supply chain. there is obviously some distribution issues. but yes, there are ways around it. it just complicates it and costly. >> brian shactman, thank you. as congressional leaders
the u.s. mx said the stoppage in the west coast a decade ago cost the economy about $1 billion a day. reportedly the unions offered to extend the contract through january was rejected. if there's a strike, the union says clothing, frozen foods and household goods would not move. but mail, military cargo and some perishables may go through. the last time we had an east coast strike like this, 1977. i did call the union's main office this morning. they are closed for the holidays. and on their...
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Dec 26, 2012
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only can the u.s. government, i take that back, only can government, period, including the u.s. government turn a detour into a four-lane highway, okay? let's talk about infusion. governments tried to create faux guarantees when they set up the gses when they created the structure of special financing and faux guarantees whether they were applied or assumed, we all know how it turned out. taxpayers ended up getting the bill when government took over the space. and then we get all the faux guarantees of fixing the original faux guarantees as the intrusion really did get worse. i take you back to september of 2008 when the gses were put in the conservatorship and then treasury secretary paulson said the following quote. i attribute the need for today's action, talking about conservatorship, primarily to the inherent conflict and flawed business model embedded in the gse government sponsored enterprise structure and to the ongoing housing correction. well, first of all, how many experts have we had on lately that have said housing is doing much better. today's kate shiler seems to
only can the u.s. government, i take that back, only can government, period, including the u.s. government turn a detour into a four-lane highway, okay? let's talk about infusion. governments tried to create faux guarantees when they set up the gses when they created the structure of special financing and faux guarantees whether they were applied or assumed, we all know how it turned out. taxpayers ended up getting the bill when government took over the space. and then we get all the faux...
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Dec 3, 2012
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jpmorgan chief u.s. economist, michael feroli. futures up 60. back in a minute. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. ♪ >> seven minutes until the bell. let's get cramer's mad dash on this monday morning. first trading day of december. jim, people are watching apple because the 50% retracement of the correction is at 605. so we
jpmorgan chief u.s. economist, michael feroli. futures up 60. back in a minute. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more...
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Dec 31, 2012
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u.s. debt. i'm told by this person on the call that the administration's response to that, they think a small deal would in fact be enough, but they wouldn't speak for the ratings agency. still a big unknown hanging out there, guys. >> and we know about some of the tough conversations we'll have 30 days from now, 45 days from now, eamon. it does sound, though, judging from some of the latest rumors that they're almost comically close to a deal, especially when you talk about the income level at which tax rates would rise. is it 4, 450, settle on 5. is that the main thing you're interested in over the next couple hours? >> yeah, once they've gotten rid of the question about the changed cpi and social security over the weekend, which the republicans asked for, democrats denied, republicans backed down on that, then it becomes a matter of hammering out the details and making sure that you have the votes before you go to the floor. it does seem like they're very close to this deal. but it is t
u.s. debt. i'm told by this person on the call that the administration's response to that, they think a small deal would in fact be enough, but they wouldn't speak for the ratings agency. still a big unknown hanging out there, guys. >> and we know about some of the tough conversations we'll have 30 days from now, 45 days from now, eamon. it does sound, though, judging from some of the latest rumors that they're almost comically close to a deal, especially when you talk about the income...
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Dec 4, 2012
12/12
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it's not available in the u.s. just yet. starting today anyone with a phone in venezuela, south africa, indonesia and australia and india will be able to me message for free. it's subject to data fees which are lower than text fees but facebook is working with carriers in india and indonesia to offer discounted and free access to facebook messenger data. simon, over to you. >> that could be quite big further down the line i imagine. >>> up next on the program, the japanese operator subaru is looking to expand its presence in america after posting record november sales in the united states. how does the automaker plan to take on detroit's big three? the coo of subaru of america is here to give us his plan of attack next. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is gear
it's not available in the u.s. just yet. starting today anyone with a phone in venezuela, south africa, indonesia and australia and india will be able to me message for free. it's subject to data fees which are lower than text fees but facebook is working with carriers in india and indonesia to offer discounted and free access to facebook messenger data. simon, over to you. >> that could be quite big further down the line i imagine. >>> up next on the program, the japanese...
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Dec 6, 2012
12/12
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>> in the u.s. where our sales square foot -- you're seeing great growth in our sales per square feet. >> i want to talk to you about the shorts in the stock. it was an interesting move in your stock on october 7, when lulu shares lowered on news that david einhorn was not a short seller in your shares. have you talked to david einhorn, has he called in to any of the conference calls, has he engaged you in any way? >> we are aware that he has been in on some of the calls but he has not engaged us in any way. i think it would be -- typically he looks at far more distressed companies and our company is a financially well run business with a lot of growth opportunities in front of us. we can't play with the shorts. our job and my job is to run a great business and that's what we do quarter after quarter and i think we have a great track record of doing that. >> just to recap, you seem very nervous about the coming weeks partly because of the fiscal cliff. people who already train and who work out regul
>> in the u.s. where our sales square foot -- you're seeing great growth in our sales per square feet. >> i want to talk to you about the shorts in the stock. it was an interesting move in your stock on october 7, when lulu shares lowered on news that david einhorn was not a short seller in your shares. have you talked to david einhorn, has he called in to any of the conference calls, has he engaged you in any way? >> we are aware that he has been in on some of the calls but...
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Dec 7, 2012
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we focus so often on u.s. and u.s. companies. the chinese may not be doing a lot of investing for various reasons including political considerations, but they are investing around the world aggressively when it comes to resources. no deal more reflective of that than the one we are waiting for, investors in takeover space are waiting for approval if it does, i'm talking about cnooc's. we'll see if that deal is going to occur. many expect that it will. that seems to be where it is. one never knows on these important issues but again another deal, important deal adding to that very large total for m&m out of china. >> something to watch going into 2013. >>> whirlpool has had the fourth best performance on the s&p 500 so far this year. we'll talk to the ceo about his plan to expand in the united states coming up in the next hour. >>> more reaction to this morning's jobs report. it's an exclusive with goldman sachs chief economist jan hatzius. early movers topped off by sears up 4.5%. >>> i'm sharon epperson at the nimax. interesting
we focus so often on u.s. and u.s. companies. the chinese may not be doing a lot of investing for various reasons including political considerations, but they are investing around the world aggressively when it comes to resources. no deal more reflective of that than the one we are waiting for, investors in takeover space are waiting for approval if it does, i'm talking about cnooc's. we'll see if that deal is going to occur. many expect that it will. that seems to be where it is. one never...